NORDEN’s board said that it is in the process of finding a successor, however, Mortensen will be available in the interim.
He was head of NORDEN during a period when the company has developed into one of the largest and best operated drycargo and product tanker companies in the world.
Mortensen is also the chairman of the DSA.
He is replacing Andreas Sohmen-Pao who is stepping down as CEO of the BW Group to join the main board.